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Nairaland Forum / Nairaland / General / Business / ECOWAS Adopts ECO As Name Of Single Currency (44048 Views)
ECOWAS Set To Unveil Single Currency ECO / ECOWAS Adopts ECO As Name Of Single Currency,elects Niger President As New Chair / ECOWAS Seeks Proposals For Single Currency Logo, Name (2) (3) (4)
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Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 10:05am On Jun 30, 2019 |
Ugosample:Nigeria market size is enough to hamper trade growth among the sub region hence the presence of the above head goverment in Nigeria. Nigeria economy prowess is still not realiable like that of Egypt and south Africa which already sign up to the trade . We are talking about the ability to buy and sell here.. Anyway unitary monetary zone is diffrent from regional market integration. Switzerland is not part of euro currency agreenment yet she is part of the regional trade. Even far away Australia. 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Snapchat: 10:10am On Jun 30, 2019 |
Parrot69:Lol 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Horus(m): 10:13am On Jun 30, 2019 |
Re: ECOWAS Adopts ECO As Name Of Single Currency by oluwasegun007(m): 10:14am On Jun 30, 2019 |
E sound like something wey Zimbabwe dollar go get value pass.. 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 10:14am On Jun 30, 2019 |
vaxx: Nigeria market size is enough to hamper trade growth among the sub region hence the presence of the above head goverment in Nigeria. hamper trade growth? interesting as for the reliable part, the same could be says of Ghana as well... their stand is not yet reliable as well... its a problem we all have in the sub region, as we are the least developed in Africa So when I see Ghanaians talk about how great their economy is it how I hear Nigerians talk about how the rest of the region cannot do without, I just laugh let us build ourselves vaxx: Nigeria market size is enough to hamper trade growth among the sub region hence the presence of the above head goverment in Nigeria. hamper trade growth? interesting as for the reliable part, the same could be says of Ghana as well... their stand is not yet reliable as well... its a problem we all have in the sub region, as we are the least developed in Africa So when I see Ghanaians talk about how great their economy is it how I hear Nigerians talk about how the rest of the region cannot do without, I just laugh let us build ourselves first |
Re: ECOWAS Adopts ECO As Name Of Single Currency by okenwa101(m): 10:17am On Jun 30, 2019 |
lapo: Better WAC. West African currency. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Abkreizi: 10:20am On Jun 30, 2019 |
Ugosample: Bia nwokem this is the third post we are jamming oh...are you sure we arent destined to be bros |
Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 10:21am On Jun 30, 2019 |
9jaRealist:personally, i love the idea anyway, i even envisaged it might cut across all the 54 africa state later. Just before the independence. All Anglophone countries of west Africa spends British west africa pound and it was pegged to the British pound. The idea was very fine then .But Nigeria as of today isn't ready. Nigeria have failed to meet the criteria of having a single digit inflation rate and a fiscal deficit of no more than four percent annually. . Only Ghana to me seems ready to float this idea. 4 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by selemo: 10:22am On Jun 30, 2019 |
Black men have started acquiring sense now! 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by walexy06(m): 10:30am On Jun 30, 2019 |
The only thing that is on my mind now is Price tag on all goods and services. I hope this would help. We need to adopt the right monetary policy if this is to be favourable for the States. It would be worse if appropriate measures are not in place before the implementation of this. #Economist |
Re: ECOWAS Adopts ECO As Name Of Single Currency by AreaFada2: 10:30am On Jun 30, 2019 |
Good idea. But better not to rush it. Get the conditions right first. $1 = 10 Eco will be a good rate. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by godwon01(m): 10:34am On Jun 30, 2019 |
Lanrextop23333:My brother ,don't say that.Be positive. Let start saying good things to our sub region development. 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by 9jaRealist: 10:35am On Jun 30, 2019 |
vaxx: You’re preaching to the choir... https://www.nairaland.com/5273246/ecowas-adopts-eco-name-single/2 9jaRealist: You are INCORRECT though with respect to the fiscal deficit... Under Nigeria’s Fiscal Responsibility Act 2007, the government cannot have a fiscal deficit of more than 3% - and it hasn’t since 2007! > |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Kolping: 10:40am On Jun 30, 2019 |
One more step towards the one world economy. First the EURO in Europe, now the ECO in West Africa. ExAngel007: |
Re: ECOWAS Adopts ECO As Name Of Single Currency by chosengocap: 10:40am On Jun 30, 2019 |
ramdris: 1 EcoCoin = 0.143897 US Dollar (USD) Date (today): 30. June 2019 09:30 AM (GMT) |
Re: ECOWAS Adopts ECO As Name Of Single Currency by fairhope: 10:45am On Jun 30, 2019 |
What most people does'nt understand is that once you give up your currency because of regional integration you handed over your destinies to outsiders. IMF owns the naira because it dictates its value. Globilisation is a disaster for the third world, beware! Reclaim the naira and safeguard your fragile economy and sovereignity, NIGERIA. 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Litmus: 10:56am On Jun 30, 2019 |
When will Nigeria learn? Nothing good for Nigeria comes out of ECOWAS and Nigeria will never fulfill her potential if she abandons a Nigerian focussed development plan in favour of regional union/intergration with other West Africa or greater Africa states. The tiny hope ordinary Nigerians have left that tomorrow may bring better days will be subsumed by a future in which Nigerians will be sharing resources and space with bums from Ghana, Niger and Togo. What's more, Europe will once again become masters of Nigeria through their influence over the willing and slavish nations like Benin republic, Ghana, Gambia, Togo etc. Jesus, Nigerians were even knocking heads together at the summit, trying to establish a West African fighting force in preparation to battle the Islamic terrorism creeping down from Mali and vast swards of the Sahel. Why can't we just let those other nations defend themselves ? Let them stew in Terrorism wahala for a couple of years and let us see if they will have mouth to be talking about Nigerians are kidnappers and thieves. Notice how Cameroonians have become less mouthy after just a few years of Bokoharam and Ambisonian rebels ... 3 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Just30: 11:17am On Jun 30, 2019 |
Parrot69:the Cedi is more valuable than your naira so your rant is useless |
Re: ECOWAS Adopts ECO As Name Of Single Currency by b03liberty(m): 11:19am On Jun 30, 2019 |
MrPresident1:baba werey |
Re: ECOWAS Adopts ECO As Name Of Single Currency by vaxx: 11:28am On Jun 30, 2019 |
9jaRealist:Again, Nigeria is not ready simple. You cant expect a country that operates a federal system of government, with each tier of government adopting its own fiscal policy without proper coordination or alignment and without caring about its systemic effect not to be warry of the effect. Nigeria system currently retards macroeconomic stability. It is reasonable for Nigeria to kick against it.maybe when the country is restructured as atiku wanted. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by SteelBlade(m): 11:50am On Jun 30, 2019 |
O' Lord, thy word is yea and amen. The scripture is about to be fulfilled. #Endtime |
Re: ECOWAS Adopts ECO As Name Of Single Currency by ibietela2(m): 12:05pm On Jun 30, 2019 |
grandlexuz: Alright, I know other countries in Europe use their own currency |
Re: ECOWAS Adopts ECO As Name Of Single Currency by acenazt: 1:04pm On Jun 30, 2019 |
MrPresident1:elaborate on th Word slaves here my Good Man 1 Like |
Re: ECOWAS Adopts ECO As Name Of Single Currency by dhareh: 1:17pm On Jun 30, 2019 |
ibietela2: It’s one step at a time |
Re: ECOWAS Adopts ECO As Name Of Single Currency by gbishman: 1:40pm On Jun 30, 2019 |
This is very good news |
Re: ECOWAS Adopts ECO As Name Of Single Currency by sonnie10: 1:43pm On Jun 30, 2019 |
Litmus:You finished talk here. He that has ears let him hear. This is not to best interest of Nigeria 3 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Just30: 1:55pm On Jun 30, 2019 |
Ugosample:Ghana currency is not pegged market conditions determine the value of the currency. That is why it is valuable than the naira |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Ugosample(m): 2:50pm On Jun 30, 2019 |
Just30: the last time I checked, I did not compare the cedi to any currency I only stated what is on ground |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Cadec007(m): 3:32pm On Jun 30, 2019 |
edeXede:yes for one.. Our external debts would be affected....... It would be reduced, depending on the exchange rate.. |
Re: ECOWAS Adopts ECO As Name Of Single Currency by Yyeske(m): 3:38pm On Jun 30, 2019 |
Just30:That Ghana redenominated her currency doesn't make it more valuable, it is the productivity of the economy and what back the currency that matters. Years back,over 9,000 cedis gets a US dollar before 4 zeroes were removed and it became 90 pesewas to a dollar but has depreciated to about 6 cedis to a dollar today. If it wasn't for that move years back, a dollar would've been over 60,000 cedis today. If Nigeria decides to remove 3 zeroes from the naira today, it means 36 kobo to a dollar compared to your 6 cedis (600 pesewas). Which of the two is more valuable going by your assertion. The South Korean Won is over 1,000 won to a dollar, Japanese yen, over a hundred to a dollar, can you please explain if the Ghanaian economy is stronger than theirs, Kuwaiti dinar is about 1 to about 3-4 dollars, does it make the Kuwaiti economy stronger than that of the US? Nigeria shouldn't just join in this trashy union because we will end up subsidising those weak countries 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by InvertedHammer: 3:44pm On Jun 30, 2019 |
Yohh:/ Africa as a whole is still a colony. They have no bargaining power. The values of the currency are being determined by the West. Go back in history. The Whites believe they are better than other races and act as such politically and economically. That's why your government officials run to Chattam House to give report to the masters in times of serious political upheaval. Independence is only a word. Can anyone explain what caused naira to dive from N190 to N360 per dollar? Forget textbook explanations. / 2 Likes |
Re: ECOWAS Adopts ECO As Name Of Single Currency by chronnister(m): 3:57pm On Jun 30, 2019 |
I hope Nigeria sticks with Naira. Why name it ECO sef? What signifies west Africa in ECO? WAS sef with be a better name. Let's sha stick with naira and improve our currency |
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